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Earnings Per Share | 6 Months Ended
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Dec. 31, 2014
Earnings Per Share |
(5) | Earnings Per Share
Basic earnings per share is computed based on the weighted-average number of shares of the Company’s common stock outstanding. Diluted earnings per share is computed based on the weighted-average number of shares of the Company’s common stock, including the dilutive effect of common stock equivalents outstanding. The following is a reconciliation of the denominators of the basic and diluted earnings per share computations:
|  | Three months ended |  |  | Six months ended |
|  | December 31, |  |  | December 31, |
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding used to compute basic earnings per share |  |  | 72,467 |  |  |  | 75,070 |  |  |  | 72,615 |  |  |  | 77,323 |
Effect of dilutive common stock equivalents |  |  | 2,934 |  |  |  | 1,755 |  |  |  | 3,140 |  |  |  | 1,989 |
Weighted-average shares outstanding and dilutive securities used to compute dilutive earnings per share |  |  | 75,401 |  |  |  | 76,825 |  |  |  | 75,755 |  |  |  | 79,312 |
Certain outstanding stock options and RSUs were excluded from the computation of diluted earnings per share for the three and six months ended December 31, 2014 and 2013 because the effect would have been anti-dilutive. These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:
|  | Three months ended |  |  | Six months ended |
|  | December 31, |  |  | December 31, |
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Anti-dilutive options and RSUs excluded from EPS computation |  |  | 844 |  |  |  | 8,500 |  |  |  | 39 |  |  |  | 7,136 |

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